Forty years of American hostility’ Iran releases video responding to new US sanctions

The Indian government on Friday welcomed the decision by the United States administration to exempt Indian purchase of crude oil from Iran that will shield India from sanctions from the US.

India is also Iran's second-biggest oil customer and will be one of the most exposed to a forced drop in supply because of its relative proximity to Iran.

OPEC and its oil market allies were also concerned that rising prices would shrink demand for oil.

Crude has tumbled nearly 20% since touching a four-year high last month as bearish supply signals around the globe crowded out concerns about disrupted exports from Iran and Venezuela.

Iraq, the second-largest producer within the Organization of the Petroleum Exporting Countries (OPEC) behind Saudi Arabia, is targeting production capacity of 5 million bpd in 2019, up from 4.6 million bpd now, Oil Minister Thamer Ghadhban said on Tuesday.

Even with USA sanctions on Iranian oil in place, the perception among investors is that there is more than enough supply to meet demand, as reflected by the front-month January Brent futures contract trading at a discount to February.

The record United States production has been a moderating factor of oil prices, although oil got a bump on Thursday after record Chinese crude imports eased concerns that a slowdown in the world's No.2 economy could stoke an emerging fuel glut.

The U.S. "sincerely hopes" accidents do not occur, he said, but he noted that an Iranian tanker was involved in an accident in the East China Sea in January that resulted in the loss of the ship and a massive oil spill. That's another reason the producers agreed to increase output earlier this year, partly reversing a policy of limiting supply.

The first round of USA sanctions, which included cars, carpets, metals trading and access to the United States dollar, entered into force in August.

Oil prices ran up about $7 a barrel in the month before Trump announced he was abandoning a nuclear accord with Iran and restoring sanctions on the Islamic Republic.

U.S. West Texas Intermediate (WTI) crude CLc1 was at $61.84, down 37 cents, or 0.6 percent. The main target was Iran's energy sector, the core of its economy.

"Waivers are likely to be more extensive than the market expected", energy consultancy FGE said, estimating that waivers overall would allow 1.2 to 1.7 million bpd of exports.

Those fears have since eased, but a committee of OPEC members and allied countries recently warned that producers may begin cutting output once again.

Trump said during a press conference on Wednesday that his administration granted the temporary waivers in order to stop the price of oil from going up. "We have calibrated this very well".

Special Counsel Robert Mueller's Russian Federation investigation is suddenly under threat in a way in hasn't been since it began. According to United States media reports on Thursday, Mueller's team have started writing the final report of the investigation.

Analysts say Saudi authorities appear to be trying to defuse the crisis by shoring up support from within the royal family. On Monday Turkey's vice president said investigators should look into a theory that the body was dissolved in acid .

One of the pilots had trimmed the plane to push the nose down while trying to climb after aborting a landing, the report said. At one stage during the conference, relatives urged Lion Air founder Rusdi Kirana, who was in the audience, to stand up.

The Redwood City, California-based company expects the pill to be available early next year at a price of $50 to $60 per pill. The FDA also released a report on Friday detailing the severity of America's prescription drug abuse and addiction problem.

Hours after the arrest, his family's remains were discovered on property owned by an oil and gas company where he worked. The bodies were found the week Watts was arrested . 'I do not want to be in the position of choosing to take his'.

The Raleigh-Durham area was one of 20 in the USA and Canada in the final running to lure the Amazon site, dubbed HQ2. In Denver, 16 percent said they were somewhat or strongly opposed to having Amazon to set up shop there.

Americans are voting for all 435 seats in the House and 35 out of 100 seats in the Senate, a as well as state governors. Trump's Republican coalition is increasingly older, whiter, more male and less likely to have a college degree.

Millions of Californians remain under a " red flag " warning for conditions both ripe for fires and unhealthy air conditions. Residents are now using social media to search for missing friends and family members. "It's very chaotic.

Trump , coupled with the GOP's ability to retain control of Congress that year, also stunned the Democratic faithful. More than half of Florida voters, 51%, approve of the job Trump is doing as President, compared to 48% who do not.

Privately, Pellegrini has been trying to coax the best out of the player they called "Neymar's younger brother" back in Brazil.

Follow Us!

Join The Conversation

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.

Trending on lakianichole.com

News Chronicle

Trump Hopes to Meet N. Korea Leader Next Year
Some analysts suggest a domestically weakened Trump may impact his foreign policy, even test his North Korean diplomatic gambit. Trump said he hoped to meet with North Korean leader Kim Jong Un early next year but that he was "in no rush".

Heavy AR, Blitz, Team Terror, And More
The biggest addition to this update is the new weapon, which is the new Heavy AR that will be added to the Battle-Royale mode. New heroes have also been made available including the new Mythic Ninja Werewolf Dire who gets stronger at night.

The massive firsts that just happened for women in the US
She'll be joined by Michigan Democrat Rashida Tlaib - also a Muslim and the first Palestinian-American to serve Congress. Ocasio-Cortez won the Democratic nomination in an upset primary against longtime incumbent Joe Crowley over the summer.

Farrell cleared to take on All Blacks
But they now head into a clash against the All Blacks at Twickenham on November 10 buoyed by two successive wins. England are looking for their first victory against the All Blacks since December 2012.

What To Do If You Run Into Problems At The Polls
County elections chief Karen Rhea blamed a poll worker error but said the problem had been corrected, reported the publication. If you are registered to vote and have not moved since the last election, your polling place has most likely not changed.